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Local government officials are determined to force development to happen when it can’t stand on its own, creating oversupply that hurts existing businesses. Or the private sector happily rakes in all the new incentive cash to do something it would have done anyway.

“TIF practices of some cities in Polk County demonstrate the need for reforms to refocus TIF on its core purposes, to redevelop blighted areas and promote economic development.” — Peter Fisher, Iowa Fiscal Partnership.